XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Income Statement [Abstract]    
Net sales $ 129,457 $ 119,059
Cost of sales (including depreciation and amortization of $10,025 and $14,339, respectively) 41,077 45,140
Gross profit 88,380 73,919
Selling, general and administrative expense 78,406 80,858
Research and development expense 2,597 3,771
Restructuring costs 0 317
Change in fair value of contingent consideration 295 287
Depreciation and amortization 1,755 2,129
Impairments of assets 0 78,615
Operating income (loss) 5,327 (92,058)
Interest expense, net 10,339 9,694
Other expense (income) 63 (1,588)
Other expense 10,402 8,106
Loss before income taxes (5,075) (100,164)
Income tax expense (benefit), net 907 (146)
Net loss from continuing operations (5,982) (100,018)
Loss from discontinued operations, net of tax 0 (74,429)
Net loss (5,982) (174,447)
Loss attributable to noncontrolling interest - continuing operations 1,412 20,360
Loss attributable to noncontrolling interest - discontinued operations 0 14,937
Net loss attributable to Bioventus Inc. (4,570) (139,150)
Change in foreign currency translation adjustments (585) 657
Comprehensive loss (6,567) (173,790)
Comprehensive loss attributable to noncontrolling interest - continuing operations 1,528 20,226
Comprehensive loss attributable to noncontrolling interest - discontinued operations 0 14,937
Comprehensive loss attributable to Bioventus Inc. $ (5,039) $ (138,627)
Loss per share of Class A common stock    
Loss per share of Class A common stock from continuing operations, basic (in dollars per share) $ (0.07) $ (1.28)
Loss per share of Class A common stock from continuing operations, diluted (in dollars per share) (0.07) (1.28)
Loss per share of Class A common stock from discontinuing operations, basic (in dollars per share) 0 (0.96)
Loss per share of Class A common stock from discontinuing operations, diluted (in dollars per share) 0 (0.96)
Loss per share of class A common stock, basic (in dollars per share) (0.07) (2.24)
Loss per share of class A common stock, diluted (in dollars per share) $ (0.07) $ (2.24)
Weighted-average shares of Class A common stock outstanding    
Basic (in shares) 63,380,187 62,124,752
Diluted (in shares) 63,380,187 62,124,752